Ontario Teachers Pension Plan Board Sells 135 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Ontario Teachers Pension Plan Board lessened its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 992 shares of the company’s stock after selling 135 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Casey’s General Stores were worth $373,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CASY. OneDigital Investment Advisors LLC boosted its position in Casey’s General Stores by 111.7% during the third quarter. OneDigital Investment Advisors LLC now owns 4,004 shares of the company’s stock worth $1,504,000 after purchasing an additional 2,113 shares during the period. Aptus Capital Advisors LLC lifted its stake in shares of Casey’s General Stores by 15.2% in the third quarter. Aptus Capital Advisors LLC now owns 28,575 shares of the company’s stock worth $10,736,000 after buying an additional 3,776 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of Casey’s General Stores by 5.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 48,872 shares of the company’s stock worth $18,362,000 after buying an additional 2,679 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Casey’s General Stores by 24.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 7,210 shares of the company’s stock worth $2,709,000 after buying an additional 1,395 shares during the period. Finally, Bailard Inc. bought a new position in Casey’s General Stores in the 2nd quarter worth $1,021,000. Institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

CASY has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, September 6th. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. Melius Research initiated coverage on Casey’s General Stores in a report on Monday, September 23rd. They set a “buy” rating and a $435.00 price target for the company. Gordon Haskett initiated coverage on Casey’s General Stores in a research report on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective for the company. Finally, Evercore ISI upped their target price on shares of Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $408.25.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $427.88 on Friday. The stock has a market cap of $15.88 billion, a P/E ratio of 31.14 and a beta of 0.79. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. Casey’s General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $428.61. The company’s 50-day simple moving average is $390.34 and its 200 day simple moving average is $372.51.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. Casey’s General Stores’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.52 EPS. As a group, research analysts forecast that Casey’s General Stores, Inc. will post 14.24 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.50 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.47%. Casey’s General Stores’s dividend payout ratio is presently 14.56%.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the transaction, the insider now owns 9,044 shares in the company, valued at approximately $3,438,890.56. The trade was a 24.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mike Spanos bought 267 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the acquisition, the director now directly owns 2,594 shares of the company’s stock, valued at approximately $975,810.92. The trade was a 11.47 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by insiders.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.